Square Wave Partners L.P. Purchases Shares of 7,777 Fair Isaac Co. (NYSE:FICO)

Square Wave Partners L.P. bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,777 shares of the technology company's stock, valued at approximately $15,483,000. Fair Isaac comprises 14.9% of Square Wave Partners L.P.'s holdings, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nebula Research & Development LLC purchased a new position in shares of Fair Isaac in the 4th quarter worth approximately $2,540,000. Donoghue Forlines LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $1,935,000. Barclays PLC raised its holdings in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after purchasing an additional 12,038 shares during the period. Brighton Jones LLC raised its holdings in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $394,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FICO shares. Needham & Company LLC lifted their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company lowered their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Oppenheimer boosted their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,299.31.

Fair Isaac Trading Down 15.7%

Shares of Fair Isaac stock traded down $318.60 during trading on Wednesday, hitting $1,708.40. The stock had a trading volume of 940,936 shares, compared to its average volume of 178,690. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 78.40, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The business's 50-day moving average is $1,928.18 and its 200 day moving average is $1,985.29.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.14 earnings per share. As a group, equities analysts expect that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 592 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at $91,453,786.92. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,933 shares of company stock valued at $35,250,629 over the last 90 days. 3.46% of the stock is owned by insiders.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.